Weak global activity data sends US dollar to six-month high, Aussie skids By Reuters

© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/file photo By Alun John and Brigid Riley TOKYO/LONDON (Reuters) – Jitters about global growth, particularly in China, caused the safe-haven U.S. dollar to hit multi-month highs on the Japanese yen, euro and pound on Tuesday and sent the dollar

Russia S&P Global Services PMI increased to 57.6 in August from previous 54

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Veloce To Deploy Vext On Polygon – Becoming First Decentralised Global Sporting Group

Veloce, the world’s leading digital racing media network, will be launching its Utility and Governance token, VEXT, on September 4th, 2023. VEXT will be launching exclusively on ByBit a top three global crypto exchange. Veloce has collaborated with Polygon Labs, an international software development company building Ethereum scaling architecture which facilitates swift, cost-effective, and secure

Canada August S&P Global PMI 48.0 vs 49.6 prior

Canada PMI Prior was 49.6 Fourth month below 50 Lowest since June 2020 Fifth straight decline in new orders; lowest since March Full report Commenting on the latest survey results, Paul Smith, Economics Director at S&P Global Market Intelligence said: “Canada’s manufacturing sector continued to struggle during August, with output and new orders falling at

Dollar unlikely to lose global dominance soon even as BRICS expand

© Reuters. FILE PHOTO: An employee counts U.S. dollar notes at a money changer in Jakarta January 27, 2010. REUTERS/Beawiharta/File Photo LONDON (Reuters) – The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the expansion of the BRICS group of developing nations signals another challenge to the

GBP/USD slides to two-month lows amid global economic woes, hawkish Fed stance

Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation and rate hikes at Jackson Hole. Mixed US economic data, including lower-than-expected Initial Jobless Claims, adds

BRICS Summit Unveils Game-Changing Shifts: Charting New Waters for Global Dynamics

The echoes of the recent BRICS summit resonate with significance, promising to cast ripples across the market’s landscape. As the curtains fall, let’s unpack the main takeaways that hold the potential to reshape market dynamics in profound ways. In a bold stride, BRICS leaders have extended a hand to welcome new allies into their fold.

Global Market Weekly Recap: August 14 – 18, 2023

It was a busy week for repricing monetary policy expectations, as central bank meeting minutes and top-tier data prints supported a longer period of high-interest rates for the major economies. Meanwhile, concerns over China’s growth and stability translated to limited risk-taking and even selling in the markets. Riskier assets like equities, commodities, and comdolls as